Insider Selling: CoreWeave (NASDAQ:CRWV) Major Shareholder Sells 535,055 Shares of Stock

Key Points

• Magnetar Financial LLC sold a total of $64.17 million worth of CoreWeave shares in a single transaction, reducing its ownership by 58.15%.
• CoreWeave's stock price increased by 1.8% during midday trading, reaching $120.86, with a significant trading volume of over 24 million shares.
• The company reported a net loss of ($0.27) earnings per share in its last quarterly earnings, which was below analysts' expectations but showed a 206.7% year-over-year revenue increase.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) major shareholder Magnetar Financial Llc sold 535,055 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $119.93, for a total value of $64,169,146.15. Following the completion of the sale, the insider owned 385,141 shares of the company's stock, valued at $46,189,960.13. The trade was a 58.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Magnetar Financial Llc also recently made the following trade(s):

• On Tuesday, September 16th, Magnetar Financial Llc sold 185,713 shares of CoreWeave stock. The stock was sold at an average price of $122.39, for a total value of $22,729,414.07.
• On Tuesday, September 16th, Magnetar Financial Llc sold 76,388 shares of CoreWeave stock. The stock was sold at an average price of $122.42, for a total value of $9,351,418.96.
• On Wednesday, September 17th, Magnetar Financial Llc sold 1,271,277 shares of CoreWeave stock. The stock was sold at an average price of $120.10, for a total value of $152,680,367.70.
• On Wednesday, September 17th, Magnetar Financial Llc sold 211,835 shares of CoreWeave stock. The stock was sold at an average price of $120.09, for a total value of $25,439,265.15.
• On Tuesday, September 9th, Magnetar Financial Llc sold 573,457 shares of CoreWeave stock. The stock was sold at an average price of $103.84, for a total value of $59,547,774.88.
• On Wednesday, September 10th, Magnetar Financial Llc sold 811,800 shares of CoreWeave stock. The stock was sold at an average price of $118.42, for a total value of $96,133,356.00.
• On Thursday, September 11th, Magnetar Financial Llc sold 204,416 shares of CoreWeave stock. The stock was sold at an average price of $118.05, for a total value of $24,131,308.80.
• On Friday, August 29th, Magnetar Financial Llc sold 80,820 shares of CoreWeave stock. The shares were sold at an average price of $102.38, for a total transaction of $8,274,351.60.
• On Thursday, August 28th, Magnetar Financial Llc sold 915,339 shares of CoreWeave stock. The shares were sold at an average price of $103.17, for a total transaction of $94,435,524.63.
• On Friday, August 22nd, Magnetar Financial Llc sold 20,733 shares of CoreWeave stock. The shares were sold at an average price of $98.19, for a total transaction of $2,035,773.27.

CoreWeave Stock Up 2.8%

Shares of CRWV traded up $3.42 during midday trading on Friday, hitting $124.81. 47,444,901 shares of the company traded hands, compared to its average volume of 21,880,557. The firm has a 50 day simple moving average of $111.41. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The company's quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

Several research analysts have commented on CRWV shares. Northland Securities increased their price objective on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Barclays increased their price target on shares of CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Morgan Stanley increased their price target on shares of CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Loop Capital began coverage on shares of CoreWeave in a report on Friday. They issued a "buy" rating and a $165.00 price target for the company. Finally, Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $116.12.

Hedge Funds Weigh In On CoreWeave

A number of institutional investors have recently modified their holdings of the stock. Nvidia Corp increased its position in shares of CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock worth $3,958,701,000 after acquiring an additional 95,113 shares during the period. Cisco Systems Inc. purchased a new position in shares of CoreWeave during the second quarter worth approximately $173,493,000. Geode Capital Management LLC increased its position in shares of CoreWeave by 142.6% during the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after acquiring an additional 420,915 shares during the period. Lmdagg L.L.C. purchased a new position in shares of CoreWeave during the second quarter worth approximately $48,030,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of CoreWeave during the second quarter worth approximately $39,824,000.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.